HighTower Advisors LLC Sells 1,324 Shares of Cheniere Energy Partners (NYSE:CQP)

HighTower Advisors LLC cut its holdings in shares of Cheniere Energy Partners (NYSE:CQP) by 8.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,818 shares of the company’s stock after selling 1,324 shares during the period. HighTower Advisors LLC’s holdings in Cheniere Energy Partners were worth $672,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp bought a new stake in shares of Cheniere Energy Partners during the third quarter valued at approximately $416,000. Empowered Funds LLC lifted its holdings in Cheniere Energy Partners by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 31,514 shares of the company’s stock worth $1,535,000 after buying an additional 1,043 shares in the last quarter. BIP Wealth LLC bought a new position in Cheniere Energy Partners in the 3rd quarter valued at $244,000. Larson Financial Group LLC acquired a new stake in shares of Cheniere Energy Partners in the 3rd quarter valued at $146,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Cheniere Energy Partners during the third quarter worth $866,000. Institutional investors own 46.55% of the company’s stock.

Cheniere Energy Partners Stock Down 1.1 %

Shares of Cheniere Energy Partners stock opened at $51.90 on Friday. Cheniere Energy Partners has a 52 week low of $45.51 and a 52 week high of $59.40. The company has a market cap of $25.12 billion, a PE ratio of 11.21 and a beta of 0.73. The company’s fifty day simple moving average is $53.00.

Cheniere Energy Partners (NYSE:CQP) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. Cheniere Energy Partners had a net margin of 31.28% and a negative return on equity of 328.60%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 EPS. On average, research analysts forecast that Cheniere Energy Partners will post 4.29 earnings per share for the current fiscal year.

Cheniere Energy Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Monday, November 4th. Cheniere Energy Partners’s dividend payout ratio is currently 66.95%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CQP shares. Bank of America assumed coverage on Cheniere Energy Partners in a report on Thursday, October 17th. They issued an “underperform” rating and a $46.00 price target on the stock. Wells Fargo & Company raised their target price on shares of Cheniere Energy Partners from $49.00 to $55.00 and gave the company an “underweight” rating in a research note on Wednesday.

Cheniere Energy Partners Profile

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies worldwide. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.